SYS Research – Daily Report – Monday, September 25, 2023

Notice: The Daily Setups are provided for informational purposes only and are not intended as a stock-picking service. The charts and information provided are intended to aid research and analysis and should only be used as indicators. They should not be considered as a direct trigger to buy or sell any security. The creator assumes no responsibility for any actions readers take and strongly advises each individual to fully understand the risks and potential consequences before making any investment decisions. Please note that the charts shared are not intended as signals to buy or sell but as a tool to add to your watchlist and analyze according to your trading ability. Remember that not all charts will result in buy or sell actions at any time.

Just a friendly reminder: We update the sector chartists every weekend. We highly recommend that you take some time to browse and create your watchlist. Please pay close attention to the Daily Setups and Workspace scan results for potential future additions to stay ahead of the game.

If you’re facing challenges understanding the Daily Setups or need help crafting a trading strategy, don’t hesitate to ask for assistance. You can contact me via email at info@setyourstop.com or reach me through the Workspace. Let’s schedule a Zoom meeting to address your specific requirements and provide you with the guidance you need.

SYS Daily Report

Bond Yields Surge as Equities Tread Steadily

In a resilient display of market dynamics, the Dow Jones Industrial Average staged an impressive recovery, ending the day in positive territory. This ascent, however, occurred amid a backdrop of steadily increasing yields on 10-year Treasurys, marking the fifteenth ascent in the past twenty weeks.

Notably, the benchmark 10-year Treasury yield reached its loftiest point since 2007, an event that seldom escapes the watchful gaze of astute investors. The 10-year yield, a pivotal gauge for household and borrowing costs, plays a paramount role in shaping market sentiment. Elevated yields in the realm of safe-haven assets, such as government bonds, can cast a shadow over the allure of riskier investments like equities.

While the equities arena navigated the persistent surge in yields and the unwavering strength of the US dollar, it managed to evade what could have been its lengthiest losing streak of the year. The Dow Jones Industrial Average, in a late-game turnaround, made gains of 43 points, amounting to a 0.1% rise. Meanwhile, the benchmark S&P 500 charted its recovery course, surging 0.4% and finding robust buying support at a critical juncture—4300, a level that had previously served as a springboard for a prolonged bullish rally earlier in the year.

The tech-heavy Nasdaq index emerged as the standout performer among its peers, posting a solid 0.5% gain. This rebound effectively snapped a four-session losing streak, all the while maintaining its steadfast position along the lower trendline of the triangle, as outlined in our weekend report.

US Daily Setups

CCJ – Cameco Corp.

Cameco, along with the uranium sector, is experiencing a notable surge in upside momentum, a development initially highlighted within the workspace on Friday morning after a successful retest of the 21-exponential moving average.

LINK TO CHART – https://schrts.co/ZaaZDuIb

 

CDRE – Cadre Holdings Inc.

Cadre Holdings is displaying a determined effort to trend higher from a continuation triangle. Notably, the 21-exponential day moving average serves as the lower trendline of this continuation pattern. Additionally, it’s worth emphasizing how closely price action tracks the 21-exponential day moving average, effectively drawing a dynamic trendline.

LINK TO CHART – https://schrts.co/KWnMyeUD

 

FDX – FedEx Corp.

FedEx is positioning itself just below its 52-week highs. Monitor the stock for a potential breakout and the continuation of its uptrend.

LINK TO CHART – https://schrts.co/irduRnVC

 

HDSN – Hudson Technologies, Inc.

Hudson Technologies is surging higher after a bull flag test of the 21-exponential day moving average, with price action positioning just below recent highs. Keep a close watch for a potential continuation of upside strength.

LINK TO CHART – https://schrts.co/qWVfEEnc

 

INSW – International Seaways, Inc.

International Seaways is poised to potentially trend higher from a continuation pattern.

LINK TO CHART – https://schrts.co/dvfYhpDt

 

LYTS – LSI Industries, Inc.

LSI Industries is currently positioned below its 52-week highs within the context of a continuation pattern. Keep a close watch for a potential breakout.

LINK TO CHART – https://schrts.co/pekqpEra

 

Canadian Daily Setups

CCO.TO – Cameco Corp.

Cameco, along with the uranium sector, is experiencing a notable surge in upside momentum, a development initially highlighted within the workspace on Friday morning after a successful retest of the 21-exponential moving average.

LINK TO CHART – https://schrts.co/BKKzkCCi

 

FCU.TO – Fission Uranium Corp.

Fission Uranium is surging above the horizontal resistance line, approaching a potential 52-week high breakout. Monitor for signs of increasing upside momentum.

LINK TO CHART – https://schrts.co/JNPfIEik

 

LIF.TO – Labrador Iron Ore Royalty Corp.

Labrador Iron Ore Royalty is currently retesting the recent breakout, forming what appears to be a bull flag continuation pattern.

LINK TO CHART – https://schrts.co/CIMNXPCZ

 

PKI.TO – Parkland Fuel Corp.

Parkland Fuel is making an attempt to trend to new 52-week highs.

LINK TO CHART – https://schrts.co/ckitxXBE

 

SGY.TO – Surge Energy Inc.

Surge Energy is in the process of breaking out from a bull flag continuation pattern, with price action consistently trending above the 21-exponential day moving average.

LINK TO CHART – https://schrts.co/UNCbsfbR

 

U/UN.TO – Sprott Physical Uranium Trust

The Sprott Physical Uranium Trust is continuing its breakout, marked by a surge in bullish volume.

LINK TO CHART – https://schrts.co/XdicYgPM

 

US Scanner Results

Click on the CandleGlance chart to view it in full size. Find a chart that matches your criteria or interests. You can easily save it to your watchlist on StockCharts.com for further analysis and tracking or copy and paste the ticker list into your chart provider.

 

Canadian Scanner Results

Click on the CandleGlance chart to view it in full size. Find a chart that matches your criteria or interests. You can easily save it to your watchlist on StockCharts.com for further analysis and tracking or copy and paste the ticker list into your chart provider.

 

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